T2 business

• Statement of Profit or Loss


  Summary of income and expenses for a business
• Cash budget 


  A prediction of income and expenses during a period of time
• Characteristics of a successful business

  Business planning

  Financial Record Keeping

  Meet Market Demands

  Maintain Market Awareness

  Efficient Business Operations
• Why the marketing mix is useful

  Helps businesses better understand needs and aids in setting business objectives.
• What is the marketing mix

  is a framework used to develop and execute marketing strategies. It consists of four key elements: Product, Price, Place, and Promotion.